Novo Nordisk Inc.
Overview
Novo Nordisk Inc. sponsors a self-funded health plan that covered 10,693 participants in plan year 2025, up 23% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 10,693 · prior year 8,730
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Novo Nordisk Inc. Welfare Benefit Plan, plan 501 (10,693 participants); Novo Nordisk Inc. 2012 Retiree Health Plan, plan 601 (399 participants)
- Broker compensation
- $190K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Lincoln National Life Insurance Company | Long-term disability, Life | 10,693 | $12.6M | $190K |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 21,706 | $1.7M | — |
| UnitedHealthcare Insurance Company | Medicare Supplement, Prescription drug | 391 | $1.3M | — |
| Magellan Health | Employee Assistance Program | 7,967 | $287K | — |
| Aetna Life Insurance Co. | Dental | 821 | $182K | — |
| Ace American Insurance Company | Business Travel Accident | 10,693 | $88K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 10,693 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Novo Nordisk Inc.
- Sponsor EIN
- 06-1061602
- Plan numbers
- 501, 601
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 06-1061602 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Novo Nordisk Inc. 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 13,805
About this data
Source: Novo Nordisk Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Novo Nordisk Inc..